Nowâs the time to buy a house in WA: Billionaire Kerry Stokes stakes reputation on perfect property market conditions

25th October, 2017

Billionaire Kerry Stokes has added his weight to the view that conditions are ideal for entering the housing market, staking his reputation on now being the best time to take the plunge.

The Seven Group Holdings and Seven West Media chairman said the situation came as the State showed it was recovering from the shock of miners cutting their costs by a combined $10 billion in recent years.

âRight now any young person out there, any apprentice, worker, tradesman â the best thing theyâll ever do in their life is walk out this weekend and buy a home in Western Australia,â Mr Stokes told aÂ WestBusinessLeadership Matters event on Tuesday.

âWith interest rates low, housing prices low, this is the time to think of their future right now. Iâd put my reputation on the fact this is the best time for them to do that,â he said.